Additionally I've been reading there are compensating factors for FHA loans, I'm wondering if I can show more liquid assets (already putting 20% down for this purchase) so I could get a faster approval without all the other detailed information such as leases.Thank you in advance,~David

We ask for the financials that show the actual insurance costs.

I'm trying to figure out how to set up my 4plex legally to protect our assets and also keep track of each property.   

if the property is $100K and the rehab is $60K you'll need 10-15% down plus closing costs plus holding costs - conservatively 16-24K + 5-10K + 6-12K = 30-45K at leastand you don't want that to be all your savings... so you'd need separate savings and emergency funds - i'd want 25-50K depending on situation, lifestyle, etc.so 50-100K i guessbut that's just a horseshoes and hand grenade estimatethese types of questions are hard because we don't know much about you or your financial situation

These studies have enabled me to take advantage of accelerated depreciation, significantly reducing my tax liability and improving my financial position.

And in addition to it working for us personally it also seemed to make sense financially.

Its how my wife and I got to financial freedom. 

If you're moving in a short time frame and you can't pay the property off in full you might as well use the money to buy another asset.

@Phil AveryConsidering your financial situation and the current market conditions, each of the options you're contemplating has its own merits.Given your inclination to begin with a significant amount of equity, option 1 may be a good fit for your objectives.

By this time next year I will have become a real estate investor and I will have reached financial freedom.I'm excited to be a part of a like-minded community!